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As filed with the Securities and Exchange Commission on August 3, 1999
Registration No. 333-_____
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
Form S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
LANDS' END, INC.
(Exact name of registrant as specified in its charter)
Delaware 36-2512786
(State or other jurisdiction of (I.R.S.Employer
incorporation or organization) Identification No.)
One Lands' End Lane 53595
Dodgeville, Wisconsin (Zip Code)
(Address of Principal Executive Offices)
LANDS' END, INC. NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN
(Full Title of the Plan)
David F. Dyer
Chief Executive Officer
One Lands' End Lane
Dodgeville, Wisconsin 53595
(608) 935-9341
(Name, address including zip code, and telephone number, including
area code, of Agent for Service)
Copy to:
Robert S. Osborne, P.C.
Kirkland & Ellis
200 East Randolph Drive
Chicago, Illinois 60601
(312) 861-2000
CALCULATION OF REGISTRATION FEE
___________________________________________________________________________
Title of | |Proposed maximum|Proposed maximum |Amount of
securities to |Amount to be|offering price |aggregate offering|Registraton
be registered |Registered |per share (1) |price (1) |Fee (1)
___________________________________________________________________________
Common Stock, | | | |
$.01 per value| 400,000 | | |
per share | shares | $45.625 | $18,250,000 | $5,073.50
___________________________________________________________________________
(1) Estimated pursuant to Rule 457(h) solely for the purpose of
calculating the amount of the registration fee based upon the average
of the high and low prices reported for the shares on the New York
Stock Exchange on July 30, 1999.
PART I
INFORMATION REQUIRED IN THE SECTION 10 PROSPECTUS
Item 1. Plan Information.
The documents containing the information specified in Part I will be
delivered in accordance with Rule 428(b)(1) of the Securities Act of 1933,
as amended ("Securities Act"). Such documents are not required to be, and
are not, filed with the Securities and Exchange Commission ("Commission")
either as part of this Registration Statement or as prospectuses or
prospectus supplements pursuant to Rule 424. These documents, and the
documents incorporated by reference in this Registration Statement pursuant
to Item 3 of Part II of this Form S-8, taken together, constitute a
prospectus that meets the requirements of Section 10(a) of the Securities
Act.
Item 2. Registrant Information and Employee Plan Annual Information.
Upon written or oral request, any of the documents incorporated by
reference in Item 3 of Part II of this Registration Statement (which
documents are incorporated by reference in the Section 10(a) Prospectus),
other documents required to be delivered to eligible employees pursuant to
Rule 428(b) or additional information about the Lands' End, Inc.
Non-Employee Director Stock Option Plan (the "Plan") are available without
charge by contacting:
Manager-Investor Relations
Lands' End, Inc.
One Lands' End Lane
Dodgeville, Wisconsin 53595
(608) 935-9341
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents, which have been filed by Lands' End, Inc.
(the "Registrant" or the "Corporation") with the Commission, are
incorporated in this Registration Statement by reference:
(a) The Corporation's Annual Report on Form 10-K for the
fiscal year ended January 29, 1999 (Registration File No. 001-09769).
(b) The Corporation's Quarterly Report on Form 10-Q for the
fiscal quarter ended April 30, 1999 (Registration File No. 001-09769).
(c) The Corporation's Current Reports on Form 8-K dated
February 19, 1999, and April 8, 1999 and July 20, 1999 (Registration
File No. 001-09769).
(d) The description of the Registrant's common stock, par
value $0.01 per share (the "Common Stock"), contained in the Registrant's
registration statement filed with the Commission (Registration File No.
033-08217), including exhibits, and any amendment or report filed for the
purpose of updating such description.
All documents subsequently filed by the Registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934
(the "Exchange Act"), prior to the filing of a post-effective amendment
which indicates that all securities offered hereby have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be part hereof from the date of the
filing of such documents.
Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein or in any other subsequently filed document
which also is or is deemed to be incorporated by reference herein modifies
or supersedes such statement. Any statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of
this Registration Statement.
Item 4. Description of Securities. Not Applicable.
Item 5. Interests of Named Experts and Counsel.
The legality of the shares of the Common Stock being registered
hereby will be passed upon for the Corporation by Kirkland & Ellis, a
partnership including professional corporations, Chicago, Illinois. The
professional corporations of Howard G. Krane, a director of the
Corporation, and Robert S. Osborne, secretary of the Corporation, are
partners in the law firm of Kirkland & Ellis. Mr. Krane directly or
indirectly owns 20,000 shares of Common Stock of the Corporation (this
amount includes 2,000 shares of Common Stock of the Corporation owned by
Mr. Krane's wife as to which he disclaims beneficial ownership). In
addition, Mr. Krane has exercisable options for 20,000 shares of Common
Stock of the Corporation granted to Mr. Krane on May 14, 1997 under the
Plan.
Item 6. Indemnification of Directors and Officers.
Section 145 of the General Corporation Law of the State of
Delaware (the "Delaware Law") permits indemnification of directors,
employees and agents of corporations under certain conditions and subject
to certain limitations. Pursuant to the Delaware Law, the Corporation has
included in Article V of its Amended and Restated By-Laws (Exhibit 4.3) a
provision to indemnify its directors and officers to the fullest extent
permitted by Section 145. The Corporation believes that its charter and
bylaw provisions are necessary to attract and retain qualified persons as
directors and officers.
The Corporation's Certificate of Incorporation, as amended,
pursuant to Section 102(b)(7) of the Delaware Law, eliminates the personal
liability of directors of the Corporation for breaches of fiduciary duty,
except in certain circumstances.
The Corporation has purchased a comprehensive directors' and
officers' liability insurance policy.
Item 7. Exemption from Registration Claimed. Not applicable.
Item 8. Exhibits. An Exhibit Index is located at page 7.
Number Description
4.1 Form of certificate representing shares of Common Stock,
$0.01 par value per share, incorporated by reference to the
Corporation's report on Form 10-Q for the period ended
July 1990 (Registration File No. 001-09769).
4.2(i) Certificate of Incorporation of the Corporation, as amended
through October 3, 1986, incorporated by reference to the
Corporation's Registration Statement on Form S-1
(Registration File No. 033-08217).
4.2(ii) Amendment to Certificate of Incorporation of the Corporation,
dated August 10, 1987, incorporated by reference to the
Corporation's report on Form 10-Q for the period ended
October 1987 (Registration File No. 001-09769).
4.2(iii) Amendment to Certificate of Incorporation of the Corporation,
dated May 20, 1994, incorporated by reference to the
Corporation's report on Form 10-Q for the period ended
July 1994 (Registration File No. 001-09769).
4.3 Amended and Restated By-laws of the Corporation, incorporated
by reference to the Corporation's Registration Statement on
Form S-1 (Registration File No. 033-08217).
4.4 Lands' End, Inc. Non-Employee Director Stock Option Plan,
incorporated by reference to the Corporation's Notice of 1997
Annual Meeting and Proxy Statement.
5.1 Opinion of Kirkland & Ellis with respect to the legality of
the shares of the Common Stock being registered hereby.
23.1 Consent of Arthur Andersen LLP.
23.2 Consent of Kirkland & Ellis (included in Exhibit 5.1).
24.1 Powers of Attorney of Directors and Officers of the
Corporation (included on signature page).
Item 9. Undertakings.
(a) The undersigned Registrant hereby undertakes (1) to file,
during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement (i)
to include any prospectus required by Section 10(a)(3) of the
Securities Act; (ii) to reflect in the prospectus any facts
or events arising after the effective date of the
registration statement (or most recent post-effective
amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth
in the Registration Statement; and (iii) to include any
material information with respect to the plan of distribution
not previously disclosed in this Registration Statement or
any material change to such information in this Registration
Statement; provided, however, that paragraphs (a)(1)(i) and
(a)(1)(ii) do not apply if the information required to be
included in a post-effective amendment by those paragraphs is
contained in periodic reports filed with or furnished to the
Commission by the Registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act that are incorporated by
reference in the Registration Statement; (2) that, for the
purpose of determining any liability under the Securities
Act, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities
offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering
thereof; and (3) to remove from registration by means of a
post-effective amendment any of the securities being
registered which remain unsold at the termination of the
offering.
(b) The undersigned Registrant hereby undertakes that, for
purposes of determining any liability under the Securities
Act, each filing of the Registrant's annual report pursuant
to Section 13(a) or Section 15(d) of the Exchange Act (and,
where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act)
that is incorporated by reference in the Registration
Statement shall be deemed to be a new registration statement
relating to the securities offered herein, and the offering
of such securities at that time shall be deemed to be the
initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and
controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been
advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person
of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy
as expressed in the Securities Act and will be governed by
the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused
this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Dodgeville, State of Wisconsin,
on August 3, 1999.
LANDS' END, INC.
By /s/ STEPHEN A. ORUM
Stephen A. Orum
Executive Vice President and
Chief Financial Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints David F. Dyer, Stephen A. Orum and
Pamela Patzke and each of them, his true and lawful attorneys-in-fact and
agents, with full power of substitution and resubstitution, for him and in
his name, place and stead, in any and all capacities which such person
serves or may serve with respect to Lands' End, Inc., to sign any or all
amendments to this registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact
and agents, and each of them, full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and
about the premises, as fully to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents or any of them, or their, his or her
substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement and power of attorney have been signed by the
following persons in the capacities indicated on August 3, 1999.
Signature Title
/s/ GARY C. COMER Chairman of the Board
Gary C. Comer
/s/ DAVID F. DYER President, Chief Executive
David F. Dyer Officer and Director
(principal executive officer)
/s/ STEPHEN A. ORUM Executive Vice President and
Stephen A. Orum Chief Financial Officer
(principal financial and accounting
officer)
/s/ RICHARD C. ANDERSON Director
Richard C. Anderson
/s/ DAVID B. HELLER Director
David B. Heller
/s/ HOWARD G. KRANE Director
Howard G. Krane
/s/ JOHN N. LATTER Director
John N. Latter
/s/ DANIEL OKRENT Director
Daniel Okrent
EXHIBIT INDEX
Exhibit
Number Description
4.1 Form of certificate representing shares of Common
Stock, $0.01 par value per share, incorporated by
reference to the Corporation's report on Form 10-Q for
the period ended July 1990 (Registration
File No. 001-09769).
4.2(i) Certificate of Incorporation of the Corporation, as
amended through October 3, 1986, incorporated by
reference to the Corporation's Registration Statement
on Form S-1 (Registration File No. 033-08217).
4.2(ii) Amendment to Certificate of Incorporation of the
Corporation, dated August 10, 1987, incorporated by
reference to the Corporation's report on Form 10-Q for
the period ended October 1987 (Registration
File No. 001-09769).
4.2(iii) Amendment to Certificate of Incorporation of the
Corporation, dated May 20, 1994, incorporated by
reference to the Corporation's report on Form 10-Q for
the period ended July 1994 (Registration
File No. 001-09769).
4.3 Amended and Restated By-laws of the Corporation,
incorporated by reference to the Corporation's
Registration Statement on Form S-1 (Registration
File No. 033-08217).
4.4 Lands' End, Inc. Non-Employee Director Stock Option
Plan, incorporated by reference to the Corporation's
Notice of 1997 Annual Meeting and Proxy Statement.
5.1 Opinion of Kirkland & Ellis with respect to the
legality of the shares of the Common Stock being
registered hereby.
23.1 Consent of Arthur Andersen LLP.
23.2 Consent of Kirkland & Ellis (included in Exhibit 5.1).
24.1 Powers of Attorney of Directors and Officers of the
Corporation (included on signature page).
EXHIBIT 23.1
Consent of Independent Public Accountants
As independent public accountants, we hereby consent to the incorporation
by reference in this registration statement of our report dated March 5, 1999
included in the Company's Form 10-K (Registration File No. 001-09769) for the
fiscal year ended January 29, 1999, and to all references to our Firm
included in this registration statement.
/s/ ARTHUR ANDERSEN LLP
Arthur Andersen LLP
Milwaukee, Wisconsin
August 3, 1999
KIRKLAND & ELLIS
PARTNERSHIPS INCLUDING PROFESSIONAL CORPORATIONS
200 East Randolph Drive
Chicago, Illinois 60601
Exhibit 5.1
To Call Writer Direct: 312 861-2000 Facsimile:
312 861-2000 312 861-2200
August 3, 1999
Lands' End, Inc.
One Lands' End Lane
Dodgeville, Wisconsin 53595
Re:Registration Statement on Form S-8
Ladies and Gentlemen:
We are acting as special counsel to Lands' End, Inc., a Delaware
corporation (the "Company"), in connection with the proposed
registration by the Company of 400,000 shares (the "Shares") of its
Common Stock, par value $0.01 per share (the "Common Stock"),
pursuant to a Registration Statement on Form S-8, filed with the
Securities and Exchange Commission (the "Commission") on the date
hereof under the Securities Act of 1933, as amended (the "Act") (such
Registration Statement, as amended or supplemented, is hereinafter
referred to as the "Registration Statement"). The Shares are to be
issued by the Company to certain non-employee directors of the
Company pursuant to the Company's Non-Employee Director Stock Option
Plan (the "Plan").
In that connection, we have examined such corporate proceedings,
documents, records and matters of law as we have deemed necessary to
enable us to render this opinion.
For purposes of this opinion, we have assumed the authenticity
of all documents submitted to us as originals, the conformity to the
originals of all documents submitted to us as copies and the
authenticity of the originals of all documents submitted to us as
copies. We have also assumed the legal capacity of all natural
persons, the genuineness of the signatures of persons signing all
documents in connection with which this opinion is rendered, the
authority of such persons signing on behalf of the parties thereto
other than the Company and the due authorization, execution and
delivery of all documents by the parties thereto other than the
Company. As to any facts material to the opinions expressed herein,
we have relied upon the statements and representations of officers
and other representations of the Company and others.
Our opinion expressed below is subject to the qualifications
that we express no opinion as to the applicability of, compliance
with, or effect of (i) any bankruptcy, insolvency, reorganization,
fraudulent transfer, fraudulent conveyance, moratorium or other
similar law affecting the enforcement of creditors' rights generally;
(ii) general principles of equity (regardless of whether enforcement
is considered in a proceeding in equity or at law); (iii) public
policy considerations which may limit the rights of parties to obtain
certain remedies; and (iv) any laws except the internal laws of the
State of Illinois, the General Corporation law of the State of
Delaware and the federal law of the United States of America.
Based upon and subject to the foregoing qualifications,
assumptions and limitations and the further limitations set forth
below, we hereby advise you that in our opinion:
(1) The Plan has been duly adopted by the Board of Directors
and approved by the stockholders of the Company.
(2) The Shares are duly authorized and validly reserved for
issuance pursuant to the Plan and, when: (i) the Registration
Statement becomes effective under the Act; (ii) the Shares are issued
in accordance with the terms of the Plan; (iii) the recipient
provides the full consideration for such Shares as required by the
terms of the Plan (assuming in each case the consideration received
by the Company is at least equal to $0.01 per share); and (iv)
certificates representing the Shares have been duly executed and
delivered on behalf of the Company and duly countersigned by the
Company's transfer agent/registrar, the Shares will be validly
issued, fully paid and nonassessable.
We hereby consent to the filing of this opinion with the
Commission as Exhibit 5.1 to the Registration Statement. In giving
this consent, we do not thereby admit that we are in the category of
persons whose consent is required under Section 7 of the Act or the
rules and regulations of the Commission.
We do not find it necessary for the purposes of this opinion,
and accordingly we do not purport to cover herein, the application of
the securities or "Blue Sky" laws of the various states to the
issuance and sale of the Shares.
This opinion is limited to the specific issues addressed herein,
and no opinion may be inferred or implied beyond that expressly
stated herein. We assume no obligation to revise or supplement this
opinion should the present laws of the States of Illinois or Delaware
or the federal law of the United States be changed by legislative
action, judicial decision or otherwise.
This opinion is furnished to you in connection with the filing
of the Registration Statement and is not to be used, circulated,
quoted or otherwise relied upon for any other purpose.
Very truly yours,
/s/ KIRKLAND & ELLIS
Kirkland & Ellis